Choosing A Charity To Donate Goodwill Cars
When you want to donate Goodwill cars, you have to be careful about the kind of charity you donate it to
. This is because if you want to donate Goodwill cars and enjoy the benefits of tax deductions from IRS, you have to find a charity that is approved by IRS as per 501(c)(3). This is the first step in the process of finding a charity to donate Goodwill cars. The last thing you would want is to donate Goodwill cars only to realize that you do not qualify for the tax deductions.
When you are donating Goodwill cars you have to transfer the ownership of the vehicle for which you will need the certificate of title. If you have lost it, you can still donate Goodwill cars to some charity organizations that can help you with the donation as long as you have proof of ownership of the car. It is a good idea to donate Goodwill cars to charity organizations that boast of an excellent network. This is because such charity organizations can accept donations of all kinds of Goodwill cars. For example, if you have Goodwill cars in bad condition, you can donate them to charity organizations which will sell these cars to salvage or junk dealers. Thus, you can not only benefit the charity which will get precious funds for its charitable projects but will also get tax deductions for Goodwill cars which were of no use to you.
When you are selecting a charity organization to donate Goodwill cars, make sure you pick a charity that can help you with pickup or towing assistance if you need. Some charities will provide free pickup or towing service for donated Goodwill cars, especially if they are not in a drivable condition. If you are donating Goodwill cars you should also pick a charity that provides the benefit of expert advice from used car representatives. These representatives of the charity can provide advice with respect to the condition of the Goodwill cars, their market price and how to maximize the tax deduction returns on it. In fact there are charity organizations that can repair your Goodwill cars and bring them to prime condition so that they could be sold off at an auction for a better price thus benefiting not only the charity but also donator of Goodwill cars. Charity organizations that accept donations of Goodwill cars must also provide assistance with IRS form submission to claim for tax deductions.
by: Amy Elder
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